Reminder of Mining Ban from China After Bitcoin Halving!

An announcement made by the Chinese Embassy stated that Angola has banned cryptocurrency mining. According to a report presented in the local Chinese media on April 20th, the Chinese Embassy in Angola reminded the ban on cryptocurrency mining in the Republic of Angola, situated in the southwest of the African continent. Angola, being the third largest oil producer in Africa, was once one of China’s leading oil suppliers. After the ban on mining in China, some mining companies went to Angola. On April 10th, Angola enacted a law imposing a ban on mining of cryptocurrencies and other virtual assets. With this law, cryptocurrency mining is now considered a crime in the country. According to the news, those engaged in illegal mining could face imprisonment ranging from 1 to 12 years.